Member Info for Dee12345

Okay, Captain Barstool.

You've baited me.

Ecograf have released a lot of non-material news, and a little material news regarding Free-Carry. But on the whole, more or less silence.

IT STILL PLUMMETED OVER 90% FROM THE ALL TIME HIGH.

With the recent increase, it's now only down around 78%.

Armadale with no news plummeted 93% from the all time high. That's a 3% difference.

With no news, we're now around 84% down.

That's no more than a 6% difference in gain/loss on the basis of one company producing news, and the other not producing news. YOU Amtech, said "Plus the fact that they are actually doing something instead of sat on their hands".

So according to you, all of that non-material comms, and 1 piece of solid milestone news is worth 3-6%.

That's it.

That's a 6% difference on the basis of one company allegedly sitting on their hands, and another company allegedly taking action.

How does that account for the 85% loss you're probably sitting on? You can have the 6% for lack of comms, so that means 79% of your losses are just down to your own poor trading choices.

Trading choices YOU made, and WE have to hear about day in, day out. You couldn't even stick to your own words about staying quiet if we finish the week blue.

So there you have it. There's your comparison for the difference in price between a company that's releasing (albeit non-material) news, and a company that's had absolute silence.

We'll all have a whip-round to cover the 6% gap between your actual loss, and what your loss should have been had MB sung like a canary. Then maybe you'll stop talking such utter drivel.

I wouldn't hold my breath, though - Because the last time you said you'd stop posting you could barely stay silent for even a day.

Amtech? AmConfused more like.

Sorry, I'm a little confused.

Is that your response to my point?

Or is this a new topic?

Because if it's a response, you it's irrelevant.

If it's a new topic, you need to make a new thread.

Stop making sweeping statements.

They've had a huge blackout period when it comes to making progress, their shareholders have been moaning just as much as ours have, are also behaving as though they're waiting on BKT to progress infrastructure and they've recently bounced near all time lows.

But don't let any of that get in the way of your narrative.

I think the fact that they're focused on downstream processing plays a large part in their rise.

Lol Wasa,

he's been rumbled!

ACP 1st October 2020:

"For once I managed to sell out near enough at the top at 4.9. Couldnt ignore a decent 4 figure profit. This share is still a multibagger in the making though so looking to get back in. Just hoping for a dip in the price."

But on the 26th and 27th August 2020:

"Last chance to get in below 5p. ASK is 4.915p but wont stay there for long...."

"That was a sell based on the time it was executed. But still bodes well as a £17k sell still couldn't keep the sp from rising. Looks like mm's dont have enough shares to satisfy demand. The sp is extremely undervalued. Mcap should be £100m+ so at least 20p."

Then in March 2022:

"Im back in @4p. At these prices its a no brainer. This will easily clear 10p, once news starts coming in."

How you buy and sell share is entirely your business. What you post on public forums is everyone else's.

AIMtodeath

First I thought he was just lacking in intelligence/understanding.

Now it's clear he just wants a lower price for a quick flip.

He's probably been trading this for years.

Here we go again. Same debate, over and over.

If you're BKT and you're LOOKING AT building infrastructure, then yes - It's highly likely you'll ask other 'advanced' or developing projects to contribute.

But if you're BKT, and the others look miles away, you won't want to wait for others to do so, either! Imagine ACP, BKT and EGR decided to pay $11 Million each to raise the $33 million. BKT have the cash. So now they're going to wait however long it takes for the other to raise their share?

Again. Don't be ridiculous.

EVERY SINGLE mining jurisdiction will have one company pave the way, for others to follow suit and piggy-back off the newly built infrastructure. Whether that's a year down the line, or 50 years down the line, you'll likely see someone has had to build infrastructure in some of these remote regions.

As for the power - Your argument about it ONLY being sufficient for BKT's needs is even more ridiculous. You're telling me thar the power lines will skip every single village along the way and SOLELY power BKT? So Tanzania will see fit having cross-country power lines that all go to one single mine, and nothing else? Heaven forbid they allow the villages along the way to benefit from grid infrastructure. This is called FDI - Foreign Direct Investment. It's something all developing economies want, and need. And it's how they grow!

BKT will not OWN the power lines. They will not OWN the roads. What do you think will happen? Every mine has their own electricity pylons and their own roads? What do you think? 7 parallel roads running side by side? 3 sets of electricity pylons?

You can criticise the price action and lack of comms all you want (because I'm in agreement there, too). You can say graphite stocks are just on a hype at the moment, because you're probably right. You can even say you don't believe ACP are waiting on BKT.

But why are you talking such utter nonsense when it comes to infrastructure?

You do realise 220kv is the voltage, not the amps? Plenty of electricians on AIM who can probably explain to you that multiple projects can be powered from a 220kv transmission line.

And no, I can't see anything official from ACP saying they're waiting out BKT, and I wouldn't expect to either. The last thing ACP want is BKT asking for others to chip in.

That's why following BKT signing off on what they need to, it's then too late for BKT to ask. And it times in with posters saying MB is keeping a low profile on purpose.

*facepalm*

Yes. That's exactly what 'Walkabout' will do. Although it's BKT building out infrastructure in Mahenge.

When you have 3 companies located next to one another, and one is further ahead in development, they then need to build out the infrastructure.

Then, as other companies come along, those companies use said infrastructure. You're no going to see 200km long power lines, roads and railway sidings that are 100% privately owned.

Those roads and power lines are utilised by all. It's how countries develop. I don't know why this is something we keep having to discuss. It's not like BKT are buying up the land the road will go on, or buying up the land where the pylons will sit.

They're not buying out the entire hydro-electric Power Dam and they're not buying out all the water supporting the dam!

Tanzania get what they need - Infrastructure built and paid for.

BKT get what they need - Infrastructure to operate their mine.

Then Tanzania can attract more mineral exploration companies and more developers to build out their own GDP. Why? Oh, that's right, because we have roads, cheap power, railways etc... "So come and invest in Tanzania!"

The idea that somebody can built a cross-country road that only 18 trucks a day can use is ludicrous.

Can you show me an example, any example of a company that can't get a project going because they don't have permission to use the roads and power infrastructure because another mining company paid for the build?

Haha!

Glad you finally found it :D

I'm not sure if this is ultra high level sarcasm, or you just didn't understand the joke? :D

I don't drink.

So I want something else.

Something from Rule 5.a. from the LSE Chat Rules, please.

The Macro thesis has always been there, but sometimes you just need a catalyst to get the wider public interested.

We're still waiting on BKT progress, but this could certainly be the signal that Graphite has been the ugly sister for quite a while. Large increases across the sector, and the following month will tell the tale.

Exciting times ahead, and nice to see some green!

I'm not really a fan of these accounting tricks pulled by so many exploration and junior miners.

I've seen a drill rig valued in the millions because of the potential 'savings' made when exploring.

I'm not entirely sure how these valuations are assessed, as every asset has some sort of base valuation attached to it - Whether it's £75,000 for a tenement, or several million for an undeveloped resource.

But I do certainly agree with you in regards to a valuation mis-match, that is largely driven by sentiment, and a general downturn in the market.

Blah.. Blah.. Blah..

Oh no, I forgot to switch accounts.

On the subject of grammar, Stafetrader1:

so don't use grammar out with your capabilities you **** :)

What on earth is the above supposed to mean?

"you don't even know the meaning of the word correlated you plank, so you are completely contradicting yourself !!"

"you" should be capitalised.

You do have several grammatically correct options for the remainder of the statement, but you seem to have ignored them all in order to remain incorrect.

Don't start on grammar, because your own leaves a lot to be desired.

Did the FCA actually use the word imminent?

As in, they could imminently decide to launch an investigation? Or is it something they couldn't imminently decide to do because of procedures and processes?

If there's no investigation forthcoming, who do you escalate your complaint to?

A lot of people have forgotten that this bear market didn’t start in 2022 – For most companies it started in 2021, and look at any junior you’ll see the shareprices perform poorly over the past 2 years. I’m sorry (not you Wasa, but others) the bear market has not ended as quickly as many of you planned for it, and I’m sorry I can’t give any one an end date. But this is where people make money. When nobody else is interested. Nobody wanted KOD at 0.005, nobody wanted PREM at 0.005. I wish I bought more at those prices, but I didn’t. KOD had a genuine bankruptcy risk, and PREM had a CEO that was only ever in it for the lifestyle. Recognising they were both still incredibly undervalued at £5 million market caps, I still bought small/moderate positions in both.

I don’t see those same risks here at ACP. I just see retail crying, and I’m sorry to say – When I see the likes of AmTech and Leathal bawlings their eyes out about how it will never end, those are incredibly large buy signals for me.

I have better companies than ACP, with better management within this sector that are getting beaten down just as much. Look at the total shareprice declines for BKT and Ecograf from their highs. Look at BRES announcing great news with nobody buying in. This is the market that people are complaining about receiving no updates. You can either release news into a bear market, and wait for things to pick up… Or you can wait for things to pick up and then release news into a bull market cycle. It’s really that simple.

So I wouldn’t call it brave, at all. I just try and separate my emotions and make a decision. Sometimes you get it right. Sometimes you get it wrong. But one thing’s for certain – The vast majority of people clamouring to get in at 6p are the same ones selling at 1p… And in 6 months time they’ll find another company to repeat the exact same failing process they’ve always followed only to claim everything’s a scam and the little guy never wins.

END.

Smashed in every time a buy when in to push the bid up? Yes, that only really accounts for us dumping down to around 3.3p, but below that? It's all retail capitulation from those who have never seen a bear market, not have they ever studied one. There aren't many sellers left in this, and those who have bought in at around 1p aren't likely to be buying to flip at 1.5p. The only people exiting are those holding from around 5p - And there's only so many of them left.

On the other hand, one could argue that the board are genuinely struggling to progress this. In which case, sell. And that's what many have done. Personally, I only see two factors here:

A. The passage of time. People will always grow impatient.

B. The shareprice has been dwindling.

If we were sitting at 5p and £20 million Market Cap with no progress, nobody would be crying. They'd just be moaning about waiting. But instead, people are looking at deep losses with the belief that they'll never recover, yet at the same time many aren't willing to exit, either.

4. The half-year update:

Was it a good update? Yes and No. Investment side was great news. Progress wise? We received nothing. And to be honest, I expected nothing. Why? Because the factors surrounding BKT and The Tanzanians have not changed. So on this basis, why should I be expecting meaningful progress? Because I've waiting 2 years? Because I've waited 6 weeks? Because I've waited 6 years? How long you've waited and how trigger happy you got in the past, or how scared you are now has absolutely no bearing on how this progresses.

I will note the difference in quality (in terms of presentation and in terms of depth) between BKT’s half year update, and also ours. Our comms have been atrocious since day one. But I knew this when I invested. Everyone else knew this when they invested. Can it be improved? Yes. Should it be improved? Yes. But we all still invested knowing full well MB is terrible when it comes to communications, and most likely doesn’t understand the value of aesthetics or PR.

5. Wasa

I wouldn’t say it’s ‘brave’ to be buying. I can full understand why people wish to just sit tight and weight it out, but it’s quite simple for me:

Deep into a bear market, I look for companies that are over-sold by people panicking, and then I ask the following questions:

1. Is this company in genuine danger of bankruptcy or other major risk?

2. Is this company genuinely over-sold?

I don’t see a bankruptcy, I don’t see a political risk, I don’t see any major graphite related risk that can see this company fail. I.e. nothing out of the ordinary that can destroy any company. Then, when I look at the selling, I keep buying. It may not be in the original £ amounts, but I’m happy to buy where I can afford to do so because the thesis hasn’t changed. We’re still waiting for newsflow that clearly depends on various factors, and we’re still in the middle of a bear market that

First of all, I'll address the white elephant in the room:

1. Amtech - You do have a valid point with regards to statements to the effect of newsflow being 'imminent', and then no corrective RNS to say it's no longer 'imminent'. I'd never disagree with this, but you're genuinely taking it too far to state that this is fraud. If this was being firmed up for a cheap sale, it makes no sense to not pump it beforehand.

During the BCN takeover they didn't need to pump it prior because the board held literally no shares. They had options ready to be paid off and vest upon any takeover. Here, it's a little different. MB owns shares. It's in his own interests to see the price rise.

On a side note to the takeover rumours - Again, if this was the case, then the company would need to be packaged up in order to sell it. Nobody is taking over an asset in the midst of government negotiations, a part-way complete FEED study, or an out-dated DFS. Any buyer would need all of this in place, and to conduct their own DD with The Tanzanians beforehand.

Usually, they announce a 'possible offer' subject to govt negotiations etc.

So let's put that rumour to bed, please.

2. AmTech, I know you don't like the directors withdrawing salaries in line with a lack of progress. But this is a red herring. Nobody works, consults, or sits on a board for free. It's unheard of. The other issue to bare in mind is slashing salaries (I always agree with this in principle) can be seen as a sign of having cashflow issues. I can think of many a company where people scream: "Directors are sacrificing their salaries! They must really care!" - However this does not detract from the fact that it makes it as clear as day that there are significant cashflow issues.

3. What's the thesis, and who is exiting?

The thesis is simple. It's been said time and time again. We, Ecograf and others in the pipeline ideally need BKT to build out power lines, roads and a railway. This infrastructure will connect Mahenge to the grid, and to the port. This infrastructure is always available for public use. Would you rather see all the companies come together and agree to mutually fund it? And by mutually fund it, I mean would you like to be diluted into extra financing? I know I wouldn't. I look to companies like HZM that have had calls from the bank to raise more finance due to costs rising. Who wants that?

We unfortunately have to sit back and wait for the Macro environment to change, and for progress to be made with BKT before we can further advance. Which brings us towards the dwindling shareprice. Looking at the volume, we've not seen multiples of the outstanding shares trade hands in the past 2 years. Somewhere around 700m shares over two years. The volume has also been steadily slowing since we hit our highs. That slowing volume is nothing more than retail bleeding out, and deciding to pack it in. Don't you remember the days of £10,000 sales being (1/more)